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Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Friday.
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Asian Shares Rise On Wall Street Cues
Asian stocks followed Wall Street higher on Friday after stocks on Wall Street set a new record overnight following a decline in U.S. Treasury yields.
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CPSC Recalls: Electric Smokers, Climbing Sticks, Bicycle Helmets, Fuel Bottles
The U.S. Consumer Product Safety Commission or CPSC has announced recalls including digital electric smokers, climbing sticks, bicycle helmets and fuel bottles citing various reasons. The recall involves Char-Broil LLC's digital electric smokers due to risk of electric shock; FeraDyne Outdoors LLC's Rhino Climbing Sticks for fall and laceration hazards...
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Yen Falls As Asian Shares Traded Higher
The Japanese weakened against other major currencies in the Asian session on Friday as Asian stock markets traded higher, after the latest batch of U.S. economic data showing a bigger than expected drop in retail sales in the month of January raised the possibility of an interest rate cut as early as June.
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Nike To Cut 2% Of Global Workforce
Sportswear giant Nike Inc. plans to reduce its global workforce by about 2 percent as part of its efforts to reduce costs and streamline the organization amid softer revenue outlook and increasing competition, reports said citing a memo. More than 1,600 employees are likely to be affected with the job cuts based on the company's total workforce of about 83,700 employees worldwide.
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Yen Falls Against Majors
The Japanese weakened against other major currencies in the Asian session on Friday.
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560 dagar sedan
European Shares Poised For Steady Open
European stocks may open on a firm note Friday after stocks on Wall Street set another record overnight following a mixed set of data on the economy.
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European Economic News Preview: UK Retail Sales Data Due
Retail sales data from the UK is the top economic news due on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics is scheduled to issue UK retail sales for January. Sales are forecast to grow 1.5 percent on month, in contrast to the 3.2 percent decrease in December.
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Sensex, Nifty Open Higher As Yields Dip On Weak US Data
Indian shares opened on a positive note Friday as weak U.S. retail sales data sent Treasury yields down and added to bets that the Federal Reserve will cut interest rates in coming months.
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Asian Markets Track Global Markets Higher
Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from global markets overnight, after the latest batch of US economic data showing a bigger than expected drop in retail sales in the month of January raised the possibility of an interest rate cut as early as June. Asian markets ended mostly higher on Thursday.
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Sensex, Nifty May Rise On Global Cues
Indian shares are seen opening higher on Friday, mirroring firm cues from global markets as soft retail sales data fueled hoped for an early rate cut in the U.S.
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Japanese Market Significantly Higher
Adding to the gains in the previous session, the Japanese stock market is significantly higher on Friday, following the broadly positive cues from global markets overnight. The benchmark Nikkei 225 is moving above the 38,400 level, with gains across most sectors led by some index heavyweights, exporters and financial stocks.
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Thai Stock Market Expected To Open In The Green
The Thai stock market ticked higher again on Thursday, one day after snapping the two-day winning streak in which it had picked up just 3 points or 0.2 percent. The Stock Exchange of Thailand now sits just above the 1,385-point plateau and it's likely to see additional support on Friday.
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